Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    296 Us Highway 46 Elmwood Park, NJ 07407

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $30,000

    4,000 sq ft commercial space in high-traffic Elmwood Park.

    Property Features for 296 Us Highway 46

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Mary Sanchez
    Source: Corcoran

    Listing Agency: CENTURY 21 CALABRESE REALTY Listing Agent: Mary Sanchez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Elmwood Park Storefront Opportunity

    This commercial storefront offers 4,000 square feet of open space in a high-traffic location on US Route 46 in Elmwood Park, NJ. The corner location provides visibility and convenient access. The space is suited for retail, food service, or specialty shops. A major new dispensary brand is opening next door, promising exceptional exposure and steady foot traffic. The property is positioned for maximum visibility and customer flow, offering strong potential for growth. It is ideal for businesses looking to establish themselves in a fast-growing area.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    New York Blooms, Blooms & Tomato Floral Boutique

    Location Insight

    • Map
    • Local Demand
    City
    Elmwood Park
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1111544
    Latitude
    40.8932606

    Nearby Similar for Lease

    • $1,500 /Mo

      Commercial Space on Busy Road

      Versatile 500 sq ft space suitable for retail or office.
      111 Broadway, Elmwood Park, NJ 07407
      View Details
    • Contact for pricing
      1,700 SF

      Retail Space in Bergen County

      Recently renovated neighborhood center with national co-tenancy.
      430 Market St, Elmwood Park, NJ 07407
      View Details
    • Contact for pricing
      206,826 SF

      Elmwood Park Warehouse Space

      206,826 SF available immediately in Elmwood Park, NJ.
      25 Market St, Elmwood Park, NJ 07407
      View Details
    • $900 /Mo

      Elmwood Park Retail Space Available

      Retail space available for rent in Elmwood Park, NJ.
      511 River Dr, Elmwood Park, NJ 07407
      View Details
    • $1,300 /Mo

      Basement Retail Space in Elmwood

      Spacious basement-level commercial unit with business opportunities in Elmwood Park.
      103 Broadway Bsmt, Elmwood Park, NJ 07407
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space for rent in elevator building.
      241 Molnar Dr, Elmwood Park, NJ 07407
      View Details
    • Contact for pricing
      6,823 SF

      Four-Story Office Building For Rent

      Four-story office building featuring 105,000 square feet and atrium entrance.
      619 River Dr, Elmwood Park, NJ 07407
      View Details
    • Contact for pricing
      2,580 SF

      Elmwood Park Office Space Available

      Office space for lease at 669 River Dr, Elmwood Park.
      669 River Dr, Elmwood Park, NJ 07407
      View Details
    • $3,275 /Mo

      Elmwood Park Retail Storefront For Rent

      Retail storefront in a busy Elmwood Park business district.
      238 Market St, Elmwood Park, NJ 07407
      View Details
    • Contact for pricing
      2,155 SF

      Elmwood Park Retail Space Available

      Retail space in Elmwood Park, close to major routes.
      301 Riverwalk Blvd, Elmwood Park, NJ
      View Details
    • $1,275 /Mo

      Renovated Office Space Available

      Move-in ready office space with excellent signage exposure.
      25 Broadway, Elmwood Park, NJ 07407
      View Details
    • $1,500 /Mo

      Retail/Office Space For Rent

      Prime commercial space, ideal for barbershop, office, or retail.
      111 Broadway, Elmwood Park, NJ 07407
      View Details

    FAQs

    What type of property is this?
    Storefront property - 4,000 sq ft commercial space in high-traffic Elmwood Park.
    Where is this storefront property located?
    The property is located at 296 Us Highway 46 Elmwood Park, NJ.
    What is the lease rate?
    The lease rate is $30,000.
    What are key features of this property?
    This property features: - High-traffic location on US Route 46 in Elmwood Park, NJ.; - Neighboring a major new dispensary brand (opening soon).; - 4,000 sq. ft. of open commercial space.
    (201) 945-1070
    Request Owner's contact information
    296 Us Highway 46 Elmwood Park, NJ 07407
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    296 Us Highway 46
    Elmwood Park, NJ 07407
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    296 Us Highway 46 Elmwood Park, NJ 07407
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mary Sanchez
    (201) 945-1070
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!